A Bitcoin warning sign has emerged! The U.S. premium index has been negative for 44 consecutive days—who is still secretly buying?

A signal worth watching has emerged in the Bitcoin market: the premium index has remained in negative territory for 44 consecutive days.
What exactly does this indicator mean?
Simply put, it compares Bitcoin prices with those on other trading platforms. If the price is relatively lower, it may indicate comparatively weak buying demand in the U.S. market.
Why is the market paying so much attention to it?
Because it has significant influence among U.S. institutions and investors, changes in the premium can offer a reference point for gauging capital sentiment in the U.S. market.
Being negative for 44 consecutive days means relative buying pressure in the U.S. market has remained insufficient.
However, this does not mean all U.S. investors are selling, nor does it mean Bitcoin is about to plunge. Price differences may also be affected by trading platform liquidity, arbitrage activity, and market structure.
For investors, what is truly worth watching is when this indicator can sustainably return above the zero line.
Bitcoin's price swings can be thrilling, but where the capital is coming from may be more worth examining than the price itself.$MU #Gate股票畅聊季 #BTCETF资金持续流出